So, I'm reading the 2003 Disney Proxy Statement that I received in the mail today. I'm in the section on Eisner's employment agreement.

This has to be my favorite line in the whole thing:


The Company has the right to terminate Mr. Eisner's employment upon his death;


I wish no ill on Eisner, but it is good to know that there are, in fact, conditions under which he might be fired.

Imagine the alternative! :eek:

Originally posted by Alex Stroup
So, I'm reading the 2003 Disney Proxy Statement that I received in the mail today. I'm in the section on Eisner's employment agreement.

This has to be my favorite line in the whole thing:

The Company has the right to terminate Mr. Eisner's employment upon his death;

I wish no ill on Eisner, but it is good to know that there are, in fact, conditions under which he might be fired.

Actually, it's not so much about him being fired. It's more a safety measure to make sure that in the case of his death, the company is no longer obligated to continue making the remaining compensation payments to his beneficiaries or estate. I expect it's pretty common language on most agreements of that type.

I know exactly what it means and why it is there, I just like the way it is phrased. I was trying to make a joke about an independent board with authority over Eisner.

There is a similar clause in Robert Iger's employment agreement but it isn't phrased quite the same.

Can you imagine being the guy who has to fire him under these circumstances?

Actually the way he's been letting the parks be run lately, perhaps someone should take his pulse. They may have a reason to let him go now! ;)